<ul data-eligibleForWebStory="false"><li>Household spending in India is witnessing a shift, with a decline in the share of expenses on food over the years, attributed to increasing per capita incomes and moderating inflation.</li><li>Non-food expenditure, especially in rural areas, has seen a notable increase, with rising spending on conveyance, durable goods, and consumer services.</li><li>Rural India is experiencing growth in per capita incomes, leading to changes in consumption patterns, supported by government schemes like crop insurance and rural employment.</li><li>Education expenditure has marginally decreased, while rent remains a predominantly urban expense, showcasing differences in home ownership patterns between rural and urban areas.</li></ul>

Cereals make way for travel, medical and rental expenses in household budgets

Discover more